What's the difference between Market value and transfer value when you are looking for a house to buy on Internet ,I get confused between the two??

Asked by Alex, Woodland Hills, CA Tue Nov 8, 2011

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Oapd, Home Buyer, New York, NY
Mon Aug 1, 2016
http://qertop.com/ Check it out
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Oapd, Home Buyer, New York, NY
Mon Aug 1, 2016
Market is the amount for which something can be sold on a given market.
0 votes
Sara Mehrpou…, Agent, Los Angeles, CA
Tue Nov 8, 2011
Market Value is the estimated value of the property based on the recent sale activity for similar homes in the surrounding area of the home. Transfer Value is usually the exact amount that was paid when the property was sold or transferred.

For more information on homes for sale in Woodland Hills, please visit: http://www.athomewithsara.com/Woodland-Hills-Ca-Real-Estate

You may also sign up for New Listing Alerts by Email here: http://www.newlosangeleshomesearch.com/

Good luck
Sara Mehrpouyan CDPE
Rodeo Realty
818-903-2040
Dre License #01712757
0 votes
Jeny Milosev…, Agent, Woodland Hills, CA
Tue Nov 8, 2011
Hi Alex:
In very simple words, a market value is a value on a property based on recent property sold using them as comps. A transfer value or the true value of the property will come from the sold property where the buyers and sellers agree to pay and receive. At the end of the story, you see a price on a house and you can submit an offer a full asking price, less or more and until the owner and you agree on the purchase price this will be the transfer value, the price you pay for a property. If you have any more questions in regards to home purchase please visit our website at http://www.JHMBusinessServices.com
Good Luck
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Corrine Drap…, Agent, Woodland Hills, KY
Tue Nov 8, 2011
Good morning Alex,

The Transfer Value is the amount the property sold for the last time it changed hands or in an REO (Real Estate Owned) property, it is the amount the property transferred back for at the foreclosure sale. The Market Value is the amount a buyer is willing to pay for the property.
Hope this helps. If you need more information, give me a call. I'm right here in Woodland Hills.
Corrine Draper
Rodeo Realty
Web Reference:  http://www.CorrineDraper.com
0 votes
Scott Godzyk, Agent, Manchester, NH
Tue Nov 8, 2011
Alex in regular terms, Value is based on what someone is willing to pay for it. Appraised Value is obtained by looking at the 3 most similar sold comps and the 3 most similar comps currently listed. Adjustments are made for any differences. as a buyer you should be looking at market value. if the area is still in decline, you will want to offering just under market value. Your agent can easily guide you through the porcess and values.
Web Reference:  http://www.ScottSellsNH.com
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Ron Thomas, Agent, Fresno, CA
Tue Nov 8, 2011
Understand that a property has only one VALUE; that is determined when a willing Buyer buys it for some amount.
Until that happens, everything else is just OPINION.

My father had a truck he tried to sell; tried for a long time. Kept lowering the price and lowering. Finally, someone offered $800 and my father accepted: Now, it was worth $800, and a bunch of people said that they would have paid a lot more. My father thought it was worth a lot more too! But it was worth $800, and no a penny more.

Realtors do CMA's and Appraisers do APPRAISALS to determine the WORTH of a property so that we can price it with some intelligece; we can document it's WORTH for Buyers and Lenders: But even this is just OPINION.

Some Web Sites have their own method for attaching a VALUE to a property; sometimes with good results, sometimes not. The data has be current, approximate, and relevant.


Good luck and may God bless
0 votes
My NC Homes…, Agent, Chapel Hill, NC
Tue Nov 8, 2011
Market Value is what a ready willing and able buyer will pay for a property or in other words what similar properties are actually selling for. I'm not familiar with the term Transfer Value and I've been a Realtor for over twenty years. Are you perhaps referring to tax or assessed value or appraised value? Appriased value is what a third party independant licensed appriaser values the property for and this and market value should essentially be the same. Assessed or tax value is what your local municipal government feels the property is worth in terms of collecting property tax and rarely does this match up to market or appraised value.

Hope this helps.
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